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JM Tax Gain Fund - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 28.0999 -2.2%
    (as on 23rd September, 2022)
Crisil Rank
Average performance among peers
Risk-O-Meter
Very High

The fund has 97.38% investment in domestic equities of which 58.25% is in Large Cap stocks, 20.5% is in Mid Cap stocks, 5.15% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Crisil Rank Change : Fund Crisil rank was updated from 4 to 3 in the previous quarter.

This Scheme
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    S&P BSE 500
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Returns (NAV as on 23rd September, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 16-Sep-22 9861.40 -1.39% - -1.24% 34/59
1 Month 23-Aug-22 10044.00 0.44% - 0.86% 44/59
3 Month 23-Jun-22 11443.10 14.43% - 15.23% 34/59
6 Month 23-Mar-22 10063.00 0.63% - 3.87% 53/59
YTD 31-Dec-21 9761.00 -2.39% - 0.84% 44/59
1 Year 23-Sep-21 9682.60 -3.17% -3.17% 1.42% 47/59
2 Year 23-Sep-20 16715.40 67.15% 29.29% 31.09% 37/59
3 Year 23-Sep-19 15447.70 54.48% 15.58% 19.03% 37/58
5 Year 22-Sep-17 17658.80 76.59% 12.03% 11.66% 21/47
10 Year 21-Sep-12 42972.80 329.73% 15.68% 14.46% 26/29
Since Inception 23-Apr-08 27025.90 170.26% 7.13% 14.01% 56/57

SIP Returns (NAV as on 23rd September, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 23-Sep-21 12000 12229.98 1.92 % 3.56 %
2 Year 23-Sep-20 24000 27557.48 14.82 % 13.88 %
3 Year 23-Sep-19 36000 48167.6 33.8 % 19.83 %
5 Year 22-Sep-17 60000 89671.14 49.45 % 16.06 %
10 Year 21-Sep-12 120000 268565.49 123.8 % 15.38 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Aug,2022)

Portfolio Turnover Ratio : 89.31%  |   Category average turnover ratio is 49.75%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 97.38% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.38%
No of Stocks : 39 (Category Avg - 46.50) | Large Cap Investments : 58.25%| Mid Cap Investments : 20.5% | Small Cap Investments : 5.15% | Other : 13.49%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Banks 51.2 7.27% 1.76% 7.27% (Aug 2022) 5.17% (Dec 2021) 34.43 k 8.50 k
ICICI Bank Ltd. Banks 51 7.25% 0.27% 7.25% (Aug 2022) 0% (Sep 2021) 57.53 k 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 33.2 4.71% 0.09% 5.47% (Feb 2022) 3.65% (Sep 2021) 17.25 k 0.00
Infosys Ltd. Computers - software 32.3 4.60% -0.63% 8.02% (Mar 2022) 4.6% (Aug 2022) 21.67 k -1.10 k
State Bank Of India Banks 23.5 3.34% -0.13% 4.44% (Jan 2022) 2.88% (Sep 2021) 44.25 k 0.00
Reliance Industries Ltd. Refineries/marketing 22.3 3.17% 0.02% 5.41% (Oct 2021) 3.14% (Jul 2022) 8.45 k 0.00
Hindustan Unilever Ltd. Diversified 21.3 3.02% -0.10% 3.15% (Jun 2022) 0% (Sep 2021) 8.00 k 0.00
Ultratech Cement Ltd. Cement 21 2.99% -0.07% 4.5% (Nov 2021) 2.43% (Sep 2021) 3.15 k 0.00
Maruti Suzuki India Ltd. Passenger/utility vehicles 20.7 2.94% -0.74% 4.21% (Jun 2022) 1.27% (Sep 2021) 2.28 k -0.55 k
Gujarat Gas Ltd. Gas transmission/marketing 20.3 2.89% 0.05% 3.13% (May 2022) 0% (Sep 2021) 43.10 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 2.73%
Net Receivables Net Receivables -0.11%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th August, 2022)

  • Standard Deviation

    High volatility
    22.31vs20.63
    Category Avg
  • Beta

    High volatility
    0.99vs0.89
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.74vs0.87
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.17vs0.2
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    0.15vs3.01
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Growth 5 1787.29 6.51 24.93 13.82 14.71 39.59
HDFC Tax Saver Fund - Growth 4 9787.51 -0.03 13.53 8.13 6.36 15.63
Parag Parikh Tax Saver Fund - Regular Plan - Growth NA 733.49 2.46 12.71 5.46 4.37 22.31
Kotak Tax Saver Fund - Growth 4 2935.89 1.34 15.78 3.75 3.85 18.07
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth 5 3851.42 0.84 14.53 2.19 3.77 21.51
Sundaram Tax Saving Fund - Growth 3 969.37 0.94 14.15 4.95 2.71 18.47
SBI Long Term Equity Fund - Regular Plan - Growth 4 11204.25 0.08 14.05 5.53 2.25 17.60
PGIM India ELSS Tax Saver Fund - Growth 5 415.69 -0.51 11.36 0.25 2.07 18.05
Tata India Tax Savings Fund - Regular Plan - Growth 3 3118.97 0.07 14.84 2.83 1.97 15.30
Franklin India Taxshield Fund - Growth 3 4862.16 0.24 14.34 4.17 1.54 15.51

More Funds from JM Financial Mutual Fund

Out of 13 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 3 is/are ranked 4 * , 5 is/are ranked 3 * , 1 is/are ranked 2 * , 2 is/are ranked 1 * , and 1 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
JM Liquid Fund - Growth 4 1792.97 0.43 1.27 2.27 4.02 3.94
JM Flexi Cap Fund - Growth 4 220.90 0.36 14.72 4.82 1.39 15.61
JM Value Fund - Growth 3 159.05 0.79 13.92 0.15 -1.71 15.56
JM Low Duration Fund - Growth 3 138.43 0.24 1.12 1.70 3.31 8.06
JM Overnight Fund - Regular Plan - Growth NA 97.39 0.44 1.24 2.21 3.88 0.00
JM Tax Gain Fund - Growth 3 70.36 -0.25 14.32 2.80 -0.74 16.84
JM Tax Gain Fund - Growth 3 70.36 0.44 14.43 0.63 -3.17 15.58
JM Large Cap Fund - Growth 4 49.68 0.29 13.28 1.90 -0.24 13.72
JM Dynamic Bond Fund - Growth 5 46.51 0.13 1.03 1.51 2.65 4.61
JM Arbitrage Fund - Growth 1 44.66 0.53 0.96 1.74 3.34 2.97

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